Analysts Set Masco Corp. (MAS) Target Price at $35.44
Masco Corp. (NYSE:MAS) has been given a consensus recommendation of “Buy” by the twenty-one brokerages that are currently covering the stock. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $35.44.
A number of equities research analysts have weighed in on the stock. Citigroup Inc. lifted their price target on shares of Masco Corp. from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. Jefferies Group restated a “buy” rating on shares of Masco Corp. in a report on Thursday, August 4th. Deutsche Bank AG lifted their price objective on shares of Masco Corp. from $28.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, July 28th. RBC Capital Markets restated an “outperform” rating and issued a $41.00 price objective (up previously from $35.00) on shares of Masco Corp. in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Masco Corp. from $34.50 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th.
Masco Corp. (NYSE:MAS) opened at 31.27 on Wednesday. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 22.56 and a beta of 1.59. The firm’s 50-day moving average is $32.52 and its 200-day moving average is $32.99. Masco Corp. has a 52 week low of $23.10 and a 52 week high of $37.38.
Masco Corp. (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.03. Masco Corp. had a net margin of 6.40% and a return on equity of 620.95%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. Masco Corp.’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that Masco Corp. will post $1.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Friday, October 14th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.28%. This is a boost from Masco Corp.’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, October 12th. Masco Corp.’s payout ratio is presently 28.78%.
In other news, Director Lisa A. Payne sold 5,657 shares of Masco Corp. stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $30.11, for a total value of $170,332.27. Following the transaction, the director now directly owns 88,697 shares of the company’s stock, valued at approximately $2,670,666.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in MAS. Raymond James Trust N.A. boosted its position in shares of Masco Corp. by 2.7% in the second quarter. Raymond James Trust N.A. now owns 10,697 shares of the company’s stock valued at $331,000 after buying an additional 281 shares in the last quarter. Patten & Patten Inc. TN purchased a new position in shares of Masco Corp. during the second quarter valued at about $1,190,000. SevenBridge Financial Group LLC purchased a new position in shares of Masco Corp. during the first quarter valued at about $1,625,000. Boothbay Fund Management LLC purchased a new position in shares of Masco Corp. during the first quarter valued at about $10,532,000. Finally, Robecosam AG purchased a new position in shares of Masco Corp. during the first quarter valued at about $9,754,000. 91.56% of the stock is currently owned by institutional investors.
Masco Corp. Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. It has a portfolio of brands, which includes KRAFTMAID, MERILLAT and PEERLESS.
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